Right of Rescission

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• April 25, 2013 at 5:08 pm EDT #2582
  Anonymous

  Inactive

  There are model forms in the reg, but only the closed end portion of the reg refers to them. Should we use a ROR specific to open end credit or use the general form (H-8)?

  April 26, 2013 at 12:08 pm EDT #3098
  jholzknecht

  Keymaster

  For a home equity line of credit you should use the appropriate rescission form from Appendix G, which contains forms for open-end credit. While Regulation Z does not refer to the Appendix G forms, the Official Staff Commentary does reference the forms in Appendix G.

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